Netflix acquires comics publisher Millarworld

Netflix has acquired Millarworld, the comic book publisher behind hit titles such as “Kick-Ass” and “Kingsman” that have inspired successful films.

This deal gives Netflix more content and likely acts as a hedge against the Marvel films Netflix licensed from Disney.

That deal, which kicked in last year, also gives Netflix exclusive rights to Disney and Pixar films. But once that agreement expires (likely in a few years), Disney could pull its stuff off Netflix, either for its own streaming service, or to a higher bidder.

Financial terms weren’t disclosed, but it’s probably smaller than the estimated $300 million a year Netflix is paying Disney. Millarworld was founded by comic writer Mark Millar, who has worked on franchises for Marvel and DC Comics.

The maker of originals “Orange is the New Black” and “Stranger Things” has accumulated over $20 billion in debt as it seeks to broaden its original content.